Used as a building block in organic synthesis, particularly in the preparation of pharmaceuticals and fine chemicals. Its dual functional groups (amine and alcohol) make it valuable for creating heterocyclic compounds and active pharmaceutical ingredients. Commonly employed in the development of antiviral and anticancer agents due to its ability to modify molecular structure and enhance bioavailability. Also utilized in the synthesis of chelating agents and polymers, where it contributes to solubility and reactivity. Its intermediate role in drug design allows for the introduction of nitrogen-containing moieties in complex molecules.